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Property profile & analytics
FOR LEASE
Strip malls
12221 Riata Trace Pkwy Austin, TX 78727
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US83-3131115
For Lease
1 / 2
Contact for pricing
12221 Riata Trace Pkwy, Austin, TX 78727
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2003
Total area
14,725 SF
Lot
2.48 ac (108,072 SF)
APN
166010501
UPID
US83-3131115
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Yoga Gym & Fitness Center
-
ATM (ATM Link, Inc.) Atm
-
Riata Market Grocery & Convenience Store Food Market
-
Children’s Autism Center Pediatrician
-
Bitstop Bitcoin ATM Atm Crypto Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Riata Commons LLC · 6 yrs held
Riata Commons LLC
since 2020
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Austin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Austin submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$87,462
Tax year 2022
Assessed value
$4,480,042
Assessed 2023
Previous assessed
$4,285,431
+4.5% YoY
Effective rate
1.95%
On assessed value
Assessed land
$704,435
Assessed improvement
$3,775,607
Land market value
$704,435
Improvement market value
$3,775,607
Total market value
$4,480,042
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2003
Heating
NONE
Stories
1
Total area
14,725 SF
Lot
2.48 ac (108,072 SF)
APN
166010501
UPID
US83-3131115
Jurisdiction
TRAVIS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2003
Heating
NONE
Stories
1
Lot
2.48 ac
Current owner
From public records · entity-resolved
Riata Commons LLC
Entity
Mailing address
12221 RIATA TRCE PKWY, AUSTIN, TX 78727-6534
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 19, 2020
—
Riata Commons LLC
Orangestone Riata LLC
Quit Claim Deed
—
Nov 30, 2017
—
Orangestone Riata LLC
—
Deed
related
$2,200,000 · Centennial Bk
Nov 14, 2011
—
Orangestone Riata LLC
Plaza At Riata Ltd
Grant Deed
—
Oct 3, 2008
—
Plaza At Riata Ltd
Blue Star Austin Land
Grant Deed
—
Feb 4, 2005
—
Plaza At Riata Ltd
12221 Riata Trace Ltd
Venders Lien
$2,720,000 · Cwcapital LLC
—
—
Plaza At Riata Ltd
—
Deed Of Trust
related
$2,625,000 · Pioneer Bank
—
—
Plaza Of Riata Ltd
—
Deed Of Trust
related
$2,512,033 · Pioneer Bank
—
—
Orangestone Riata LLC
—
Deed Of Trust
related
$2,200,000 · Centennial Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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